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Asia LNG Price Seen Rising 10th Week as Premium to Europe Widens

Dec. 12 (Bloomberg) -- The price of liquefied natural gas in Asia climbed for a 10th week, widening the premium over the cost of the fuel in Europe, according to World Gas Intelligence.

One million British thermal units of LNG in northeast Asia for delivery in four to eight weeks rose 4.4 percent to $16.55, WGI said on its website today. European prices increased 0.9 percent to $11.10, with re-exports set to expand, according to WGI.

To contact the reporter on this story: Isaac Arnsdorf in London at iarnsdorf@bloomberg.net

To contact the editor responsible for this story: Alaric Nightingale at anightingal1@bloomberg.net

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